Is income drawdown a ticking timebomb?

Income drawdown has been an important part of many people's retirement planning since it was introduced in 1995. But recent issues such as volatile investment markets and the decrease in maximum income from 120% to 100% GAD, coupled with decreasing gilt yields, are having a huge impact on the amount of money people can take from their fund. As a result, advisers have to have difficult conversations with clients when the time comes to review their income drawdown portfolio. The situation has attracted the eye of the FSA, which is conducting a review on income drawdown advice, and there...